UPDATED: Sometimes neighborhood rumors can be rampant and the one about Trader Joe’s and Lower Greenville has been spread by lots of folks.

So, for anyone who was worried about the Wal-Mart Neighborhood Market under construction down the street somehow nixing Trader Joe’s plans, stop worrying. Dirt should start flying soon since Trader Joe’s says it will open in the first quarter 2013.

The developer of the Greenville Avenue store says it’s going to help revitalize one of Dallas’ older neighborhoods.

“Trader Joe’s is going to have a huge and positive impact on the revitalization of Lower Greenville,” said Jon Hetzel of Madison Partners. “We believe their presence in this location will benefit the whole East Dallas area.”

Madison Partners owns other buildings along Lower Greenville, and a Wal-Mart Neighborhood Market is opening a block away later this year.

The store at 2001 Greenville Ave. will be built close to the sidewalk, and a small building on the site will be demolished to make room for parking. The property has room for additional uses, Hetzel said. “The proximity to Trader Joe’s has kindled a lot of interest from some very cool tenants.”

Madison Partners is also “actively working” on a food truck park as part of the overall project, he said.

More East Dallas/Lakewood grocery news: Your Sunflower Farmer Market is turning into a Sprouts Farmers Market in August. Here’s a link to previous coverage on that.